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Closed Undis- Closed ORGANIZATION LOCATION ESTIMATED LOSSES THE CARL AND RUTH SHAPIRO Boston $145 M In 2006, this $324 million foundation gave away $12.9 million; of that, more than $1 million went to Jewish causes FAMILY FOUNDATION — including Boston’s Combined Jewish Philanthropies, the Anti-Defamation League and the Jewish Home for the Aged in Palm Beach. Brandeis University received some $3 million in support. YESHIVA UNIVERSITY New York $110 M At Modern Orthodoxy’s flagship university and seminary, Madoff was the board’s treasurer. He also chaired the business school and funded a presidential fellowship. On December 12, he severed all ties with the university. HADASSAH: THE WOMEN’S New York $90 M The 96-year-old organization, with assets in the high hundreds of millions of dollars, supports the Hadassah Med- ZIONIST ORGANIZATION of ical Organization in Jerusalem and backs health-care initiatives, Zionist education and at-risk youth enrichment AMERICA programs in Israel and the United States. AMERICAN SocIETY foR New York $72 M The Technion’s American fundraising arm lost its $29 million investment, plus $43 million in supposed TECHNION – ISRAEL INSTITUTE gains that it reinvested with Madoff, according to a spokesman. Before Madoff’s collapse, the organization’s of TECHNOLOGY endowment had been $274 million. MoRTIMER B. ZUCKERMAN New York $30 M With money from his $300 million charitable trust, real estate and media mogul Zuckerman, past chairman of the CHARITABLE REMAINDER TRUST Conference of Presidents of Major American Jewish Organizations, has pledged $100 million to Memorial Sloan- Kettering Cancer Center in New York. CHARLES I. AND MARY KAPLAN Rockville, Md. $29.2 M In 2006, the Jewish-oriented family foundation gave $655,000 to the JCC Association of North America and was FOUNDATION a major donor to the JCC of Greater Washington and to the Jewish Federation of Greater Washington. MADoff FAMILY FOUNDATION New York $19.1 M In years past, the charitable vehicle of the Madoff family has donated money to such Jewish charities as the Gift of Life Bone Marrow Foundation and the Solomon Schechter School of Manhattan. THE JEWISH COMMUNITY Los Angeles $18 M The foundation manages the endowments of the Jewish Federation of Greater Los Angeles and Jewish Family Ser- FOUNDATION of LoS ANGELES vice of Los Angeles, among other local Jewish social services providers. Madoff-related losses represent about 5% of the foundation’s assets; the federation is said to have lost $6.4 million, or 11% of its endowment funds. THE ELIE WIESEL FOUNDATION New York $15.2 M The foundation runs enrichment centers for Ethiopian-Jewish youth in Israel, funds programs that promote cross- foR HUMANITY cultural dialogue and awards an annual ethics prize. “Substantially all” of the foundation’s assets are lost accord- ing to its Web site. LAUTENBERG FOUNDATION Cliffside Park, N.J. $12.8 M Bloomberg News reports that all but $1 million of the funds in New Jersey Senator Frank Lautenberg’s charita- ble foundation were invested with Madoff. In 2006, Lautenberg gave hundreds of thousands of dollars to Jewish causes — including a total of $357,000 to United Jewish Communities of MetroWest NJ, tax returns show. UNITED JEWISH ENDowMENT Rockville, Md. $10 M The fund supports Jewish institutions and services, and general social services, in and around the nation’s cap- FUND of THE JEWISH ital. The losses represent less than 10% of the fund’s investment portfolio, according to a press release from the FEDERATION of GREATER organization. WASHINGTON RobERT I. LAPPIN FAMILY Boston $8 M The 16-year-old charity funded teen trips to Israel, enrichment programs for Jewish educators, and interfaith out- FOUNDATION reach initiatives. The foundation shuttered on December 12. THE RAMAZ ScHooL New York $6 M At the Modern Orthodox day school affiliated with Congregation Kehilath Jeshurun, Madoff-related losses have impacted the endowment, but they will not affect its faculty and staff pension program, school officials said. TECHNION – ISRAEL INSTITUTE Haifa, Israel $6 M The prestigious 84-year-old institution trains a large portion of Israel’s scientists, engineers, and high-tech indus- of TECHNOLOGY try professionals. NoRTH SHORE-LoNG ISLAND Various Long Island $5.7 M The system provides health care services in hospitals and clinics, and offers home-based care. Madoff donated a JEWISH HEALTH SYSTEM and Queens locations total of $216,000 to the organization during the past 36 years, but had no formal affiliation with the institution. MITZI & WARREN EISENBERG Union, N.J. $5.1 M This $100 million-plus family foundation gives to educational and health care institutions, and to scores of Jew- FAMILY FOUNDATION ish and Israel charities. In 2006, it donated $950,000 to the Jewish Federation of Central New Jersey. L BRAVMANN FOUNDATION Riverdale, N.Y. $5 M In 2006, the $20 million charitable foundation gave more than $1 million to the donor-advised Jewish Commu- nal Fund, and smaller sums to other Jewish organizations. JEWISH FUNDS foR JUSTICE New York, $3.9 M The social justice organization funds congregation-based community organizing initiatives and other programs. Philadelphia, Jewish Funds lost a portion of one its 54 donor-advised funds, a spokeswoman said. Baltimore MAIMONIDES ScHooL Boston $3–5 M At the Modern Orthodox day school, founded in 1937 by Rabbi Joseph Soloveitchik, losses represent an estimat- ed 60% of a bequest that helps pay for operating costs. ARTHUR AND SYDELLE F. MEYER West Palm Beach, $3.7 M The charity gives to a wide range of cultural and educational causes and Jewish and Israeli institutions. The Mey- CHARITABLE FOUNDATION Fla. er family reportedly lost additional funds that were in a charitable trust. The foundation will close, according to The Chronicle of Philanthropy. CONGREGATION KEHILATH New York $3.5 M Bloomberg is reporting that the Upper East Side Modern Orthodox synagogue, affiliated with the Ramaz School, JESHURUN has funds tied to Madoff. YAD SARAH Jerusalem $1.5 M The organization provides health care and welfare services for disabled and elderly individuals. SAR Riverdale, N.Y. $1.3 M The Modern Orthodox Jewish day school has lost about one-third of its $3.7 million endowment. AMERICAN JEWISH CONGRESS New York Undis- This policy organization that supports upgrading Israel’s role in NATO and advocates on behalf of religious free- closed dom stateside sustained significant losses. A trust fund left to the organization by Lillian and Martin Steinberg was managed by Madoff, as was a second part of the American Jewish Congress’s endowment fund. PHILIP AND MURIEL BERMAN Allentown, Pa. Undis- The Berman Foundation, which reported $42 million in assets on its 2006 tax return, sustained Madoff-related loss- foUNDATION closed es, according to the Allentown Morning Call. Last year, the foundation gave a total of $318,000 to a wide range of Jewish and arts organizations; donations included $50,000 to Hadassah, and smaller five-figure gifts to American Friends of Hebrew University, United Jewish Communities and the World Union for Progressive Judaism. CHAIS FAMILY FOUNDATION Encino, Calif. Undis- In 2006, the foundation distributed $8.1 million to mostly Jewish causes — including $1.4 million to the Amer- closed ican Committee for the Weizmann Institute of Science, and $200,000 to Hillel for campus centers in Israel and the Former Soviet Union. THE BETTY AND NoRMAN F. LEVY New York Undis- A portion of its $244 million in assets was invested with Madoff. Among the Foundation’s contributions last year FOUNDATION closed were a $100,00 to the vehicle Gift of Life Bone Marrow Foundation, $100,000 to the UJA-Federation New York, and nearly $30 million to the JEHT Foundation — a criminal justice reform organization that is expected to close in the wake of Madoff’s collapse. PIcowER FOUNDATION Palm Beach, Fla. Undis- The 19-year-old Foundation, which had nearly $1 billion in assets, will shutter amid Madoff woes. According closed to its 2007 tax return, the Foundation last year gave away $23 million — including $225,000 to the Limmud NY conference of Jewish learning; $185,000 to the Jewish Outreach Institute; $109,278 to the Foundation for Jewish Camping, and $100,000 to a program that aids children and families living in Sderot, Israel. Medical research cen- ters, after-school programs, and human rights organizations were also beneficiaries. WUNDERKINDER FOUNDATION Los Angeles Undis- Tax returns from 2007 show that director Steven Spielberg’s charitable organization gave a total of $8.6 million to hos- closed pitals, universities, synagogues, the U.S. Holocaust Memorial Museum and other institutions and organizations. YESHAYA HoRowITZ Israel Undis- The Association has closed as a result of its Madoff-related losses, according to Haaretz; the Israeli newspaper ASSocIATION closed reported that the organization has given away $100–$200 million to a variety of institutions in the Jewish state — including $3 million last year to Bar-Ilan University. Hebrew University and Ben-Gurion University of the Negev, and Sheba Medical Center were also reportedly beneficiaries of the 20-year-old organization. CHART FOR WEB kh2.indd 1 12/23/08 5:51:46 PM.
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